$22.935
+0.351 (+1.53%)At close
JMSB News
JMSB Events
John Marshall Bancorp Extends Stock Repurchase Program to 2027
John Marshall Bancorp announced that its Board of Directors authorized the extension of the stock repurchase program through August 31, 2027, pursuant to which the Company is authorized to purchase up to 700,000 shares of the Company's outstanding common stock. To date, the Company has repurchased 242,150 shares, or $4.5M under the Stock Repurchase Program. The Stock Repurchase Program may be suspended, terminated, amended or modified by the Board at any time without prior notice at the Board's discretion. The Stock Repurchase Program was originally approved by the Board in 2021 and was set to expire on August 31, 2026. Other than the extension of the Stock Repurchase Program for an additional year, no changes were made to the Stock Repurchase Program.
John Marshall Bancorp Declares $0.10 Quarterly Cash Dividend
John Marshall Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.10 for each share of its common stock outstanding. The dividend is payable on August 26, 2026, to shareholders of record as of the close of business on August 5, 2026.
Company Book Value Per Share Increases to $19.40
Book value per share increased from $17.83 as of June 30, 2025 to $19.40 as of June 30, 2026, an 8.8% increase. Reports CET1 ratio 15.6%. Chris Bergstrom, CEO, commented, "The Company achieved two significant growth milestones during the second quarter. We exceeded $2.4B in total assets and surpassed $2B in gross loans. John Marshall produced $41M in loan growth during the second quarter and our pipeline for the third quarter looks strong. Quarterly earnings of $7M marked the eighth consecutive quarter of increased net income and resulted in earnings per share growth of 38.9% when compared to the second quarter of 2025. Asset quality remains exemplary and the Bank is very well-capitalized. As an expression of the soundness of our balance sheet and confidence in the outlook for our financial performance, the Board of Directors increased our quarterly cash dividend to $0.10 per common share. On an annualized basis, the dividend represents a 33% increase versus a year ago. We are pleased to have increased our return on assets to 1.20% and our return on equity to 10.34% and believe that we are well-positioned to grow the balance sheet, profits and shareholder value."
Net Interest Margin Expands for Eighth Quarter to 2.87%
Net interest margin expanded for the eighth consecutive quarter. Net interest margin increased 29 basis points, from 2.58% for the first quarter of 2025 to 2.87% for the first quarter of 2026. Net interest margin grew 14 basis points when compared to 2.73% for the fourth quarter of 2025. Book value per share increased from $17.72 as of March 31, 2025 to $19.00 as of March 31, 2026, a 7.2% increase. Reports CET1 ratio 15.4%. Chris Bergstrom, President and Chief Executive Officer, commented, "The first quarter of 2026 marks the eighth consecutive quarter of net interest margin improvement. Of the 29 basis points of margin improvement over the last year, 14 basis points of that increase occurred during the first quarter of 2026. Increased margin and $103 million in loan growth over the last twelve months enabled the Company to grow both net income and earnings per share by 27%. Our asset quality remains outstanding. We expect the SBA to pay their guarantee and resolve our one non-accruing loan. With 16.5% total risk-based capital, we have the requisite equity to grow loans at appropriate risk-adjusted returns. Alternatively, we have ample excess capital to build upon the 103,000 shares we repurchased during the first quarter. Our priorities remain unchanged. We continue to invest in technology and personnel to cultivate new relationships and deepen existing ones. We remain focused on delivering tailored banking services and exceptional client experiences. As demonstrated by the nearly 23% increase in our share price from March 31, 2025 to March 31, 2026 and our increased quarterly cash dividend rate, we believe our balance sheet allows us to focus on continued growth, and drive increased returns and shareholder value."
John Marshall Bancorp Declares $0.09 Quarterly Cash Dividend
John Marshall Bancorp announced that its board of directors has declared a quarterly cash dividend. The initial quarterly cash dividend of 9c was declared for each share of its common stock outstanding. The dividend is payable on March 4 to shareholders of record as of the close of business on February 11. Based on the current number of shares outstanding, the aggregate payment will be approximately $1.3M.
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